Location: Cincinnati, OH | Metro: Cincinnati, OH-KY-IN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,440 |
| 1 Bedroom | $1,550 |
| 2 Bedrooms | $1,980 |
| 3 Bedrooms | $2,600 |
| 4 Bedrooms | $2,940 |
| 5 Bedrooms | $3,410 |
| 6 Bedrooms | $3,819 |
| 7 Bedrooms | $4,125 |
| 8 Bedrooms | $4,331 |
U.S. Census Bureau data (2024)
The ZIP code 45147 is located in a suburban neighborhood characterized by a modest population of 57,000 residents. Approximately 35.7% of the residents are renters, indicating a significant demand for rental properties. However, the median income and median home value data for this area are currently unavailable, suggesting a need for further investigation into local economic conditions.
Moving into the specifics of rent economics, the Fair Market Rent (FMR) for ZIP 45147 as of fiscal year 2024 is set at $1,580. This figure represents the benchmark for rental costs supported by the Section 8 housing voucher program. The lack of data on market rent makes it challenging to compare the FMR to local rates, but it suggests that the government's estimate for affordable housing may be a reliable indicator of the average rent in the area.
Given the available information, ZIP 45147 would suit a hands-off voucher operator who is looking for a stable and predictable income stream. The significant portion of renters and the established FMR indicate a steady demand for subsidized housing units. For a hands-on value-add buyer, the missing data on median income and market rents imply potential opportunities for those willing to conduct detailed local market analysis to identify undervalued properties and areas with growth potential. However, such an approach requires a deeper understanding of the local economy and rental market dynamics.
To conclude, ZIP 45147 offers a straightforward investment opportunity for hands-off operators with a known FMR, while it presents a more speculative scenario for hands-on investors who can leverage their expertise to uncover hidden value in the local real estate market.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.